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Notes to Accounts of Madhuban Constructions Ltd.

Mar 31, 2015

1) All the investments made by the company are valued at Cost .

2) Managerial Remuneration: Nil

3) The company does not have inventory as on 31.03.2015.

4) Differed tax arising on account of timing difference and which are capable of reversal in one or more subsequent periods is recognized using the tax rates and tax laws that have been enacted or substantively enacted. Differed tax assists are recognized unless there is virtual certainty with respect to the reversal of the same in future years.

5) All schedules annexed to and from integral part of the Balance Sheet and Profit & Loss Account.

6) Minimum Alternative Tax (MAT) is recognized as a n asset only when and to the extent there is convicting evidence that the company will pay normal income tax during the specified period. The Company reviews the same at each balance sheet date and writes down the carrying amount of MAT Credit Enticement to the extent there is no longer convicting evidence to the effect that company will pay normal Income Tax during the specified period.

7) Value of Import on CIF Basis Nil


Mar 31, 2014

1) The previous year''s figures have been reworked, regrouped, rearranged and reclassified wherever necessary.

2) All the investments made by the company are valued at Cost .

3) Managerial Remuneration: Nil

4) Company does not have any Inventory as per AS-2.

5) Deferred tax arising on account of timing difference and which are capable of reversal in one or more subsequent periods is recognised using the tax rates and tax laws that have been enacted or substantively enacted. Deferred tax assets are recognised unless there is virtual certainty with respect to the reversal of the same in future years.

6) The revised Schedule VI as notified under the companies Act,1956, has become applicable to the company for the presentation of its financial statements for the year ending March 31st, 2013. The adaptation of the revised Schedule VI requirements has significantly modified the presentation and disclosures which have been complied with in these financial statements Previous year figures have been reclassified in accordance with current year requirements.

7) All schedules annexed to and form integral part of the Balance Sheet and Profit & Loss Account.

8) Minimum Alternative Tax (MAT) is recognised as an asset only when and to the extent there is convincing evidence that the company will pay normal income tax during the specified period. The Company reviews the same at each balance sheet date and writes down the carrying amount of MAT Credit Entitlement to the extent there is no longer convincing evidence to the effect that company will pay normal Income Tax during the specified period.

9) Value of Import on CIF Basis Nil

10) Earnings in Foreign Exchange (FOB Value) Nil

11) Expenditure in Foreign Currency Nil

12) The Company has no employee to whom the provisions of section 217 (2A) of the Companies Act, 1956 are applicable.

13) Company was originally incorporated in New Delhi as "M/S MADHUBAN CONSTRUCTION PRIVATE LIMITED" on 05th March, 2008 under the provisions of Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, NCT of Delhi & Haryana. The name of the Company was subsequently changed to "M/S MADHUBAN CONSTRUCTIONS LIMITED" vide Fresh Certificate of Incorporation dated 22th January, 2014 issued by the Registrar of Companies, NCT of Delhi & Haryana.

 
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